The Latest Breaking News from Interest Rates

Having a good credit score opens the door for lower interest rates on loans and credit cards, potentially saving you thousands of dollars over your lifetime

“We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB).

U.S. futures and Asian shares are lower after a retreat on Wall Street

Those who stuck to minimum loan repayments through last year’s rate cuts will bear the brunt of Tuesday’s anticipated hike, while those already paying extra are in a ‘great position’

Credit card bills that feel like an uninvited roommate? You’re not imagining it. In January 2026, the average interest rate on credit cards sat at a jaw‑dropping 23.79%. That’s the kind of number that turns a quick lunch swipe into a months‑long relationship with interest charges.

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Most economists expect rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision later this week

Most economists are expecting rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision on Thursday.

After months of speculation, US President Donald Trump confirmed he will be nominating Kevin Warsh as the next chair of the US Federal Reserve. The appointment has been closely watched in the context of Trump’s ongoing conflict with the Fed and its current chairman Jerome Powell.